Corporation (7/23) Flashcards
1
Q
insolvency?
A
company or person can’t pay debts when they are due.
2
Q
liquidation?
A
the process of closing a business, so its assets can be sold to pay its debts.
3
Q
insolvency procedure
A
for an insolvent company are liquidation, voluntary administration and receivership
4
Q
assignment
A
the transfer of right or benefit to another
5
Q
susceptible
A
vulnerable to
6
Q
is marriage required to be in writing in Vic?
A
No
7
Q
is marriage required to be in writing in Aus?
A
only in Tasmania required to be evidenced in writing
8
Q
the two elements of written contract?
A
- written
- signed
9
Q
ascertain
A
find out for certain
10
Q
Is the electronic doc sufficient for required written contract?
A
11
Q
A
